ADTRAN (ADTN) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ADTRAN in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ADTN shares.
View ADTN analyst ratings or view top-rated stocks.

7 brokerages have issued 12-month price targets for ADTRAN's shares. Their ADTN share price forecasts range from $13.00 to $34.00. On average, they predict the company's stock price to reach $22.63 in the next twelve months. This suggests a possible upside of 146.7% from the stock's current price.
View analysts price targets for ADTN or view top-rated stocks among Wall Street analysts.

ADTRAN's stock was trading at $18.79 at the start of the year. Since then, ADTN shares have decreased by 51.2% and is now trading at $9.17.
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ADTRAN saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,790,000 shares, a decrease of 14.8% from the April 30th total of 2,100,000 shares. Based on an average daily volume of 844,800 shares, the days-to-cover ratio is presently 2.1 days.
View ADTRAN's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ADTN earnings forecast.

ADTRAN Holdings, Inc. (NASDAQ:ADTN) released its quarterly earnings data on Monday, November, 1st. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.02). The communications equipment provider earned $138.08 million during the quarter, compared to analysts' expectations of $138 million. ADTRAN had a negative trailing twelve-month return on equity of 0.14% and a negative net margin of 2.96%. During the same quarter in the previous year, the company earned $0.14 EPS.

ADTRAN announced a quarterly dividend on Monday, May 8th. Investors of record on Tuesday, May 23rd will be paid a dividend of $0.09 per share on Tuesday, June 6th. This represents a $0.36 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Monday, May 22nd.
Read our dividend analysis for ADTN.

ETFs with the largest weight of ADTRAN (NASDAQ:ADTN) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), iShares Cybersecurity and Tech ETF (IHAK), First Trust Small Cap Growth AlphaDEX Fund (FYC), Defiance Next Gen Connectivity ETF (FIVG), Invesco DWA SmallCap Momentum ETF (DWAS) and Small Cap US Equity Select ETF (RNSC).

ADTRAN (NASDAQ:ADTN) pays an annual dividend of $0.36 per share and currently has a dividend yield of 3.94%.
Read our dividend analysis for ADTN.

ADTRAN updated its second quarter 2023 earnings guidance on Wednesday, May, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $325.00 million-$335.00 million, compared to the consensus revenue estimate of $355.60 million.

121 employees have rated ADTRAN Chief Executive Officer Thomas R. Stanton on Glassdoor.com. Thomas R. Stanton has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ADTRAN investors own include Intelsat (I), Ciena (CIEN), Fossil Group (FOSL), AMC Entertainment (AMC), Bank of America (BAC), Associated British Foods (ABF), Apollo Global Management (APO), Chaarat Gold (CGH), First Data (FDC) and Cypress Semiconductor (CY).

ADTRAN trades on the NASDAQ under the ticker symbol "ADTN."

ADTRAN's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.66%), Bank of New York Mellon Corp (4.16%), DnB Asset Management AS (3.55%), State Street Corp (3.33%), Schonfeld Strategic Advisors LLC (2.41%) and Dimensional Fund Advisors LP (1.92%). Insiders that own company stock include Balan Nair, Brian Protiva, Gregory James Mccray, Marc Kimpe and Thomas R Stanton.
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Shares of ADTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADTN stock can currently be purchased for approximately $9.17.

ADTRAN (NASDAQ:ADTN) has a market capitalization of $721.22 million and generates $1.03 billion in revenue each year. The communications equipment provider earns $-2,040,000.00 in net income (profit) each year or ($0.48) on an earnings per share basis.

The company employs 3,307 workers across the globe.

ADTRAN's mailing address is 901 Explorer Boulevard, HUNTSVILLE AL, 35806. The official website for the company is www.adtran.com. The communications equipment provider can be reached via phone at (256) 963-8300, via email at investor.relations@adtran.com, or via fax at 256-963-6300.